We Are Now At The Tipping Point, The Economic Contraction Picks Up Speed - Episode 1302a
Mexican industrial production crashed, this is a somewhat unprecedented and sudden downshift. Retail, commercial real estate is in trouble. Retailers are asking for very short lease deals just in case they go bankrupt. Consumer push their credit to the limit and now we are seeing a surge in credit defaults. Boeing laying off thousands and moving some operations to China. Consumers are at their weakest point since the great recession. GDP will need to be revised for the 2nd quarter because wholesale inventories have plunged. The Fed will make their decision about an interest rate hike next week. Glass-Steagall needs to be reinstated and this is now on Trumps radar.
Thank you Dave, great info
Malls are empty folks cannot get jobs. Relationship are disbanding. Bread lines It is a mess for America. I wonder if one can get upvotes or has the recession hit them too LOL
Dave is always on top of global economic and geo-political events. You can also sub to his podcast on iTunes and Stitcher to listen at your convenience.
Hi Dave, IMHO this is the theme song for this report
Thanks Dave.
Everything is starting to crumble, get Gold get silver get crypto and get ready!
We just had a documentary on Dutch TV how the government does not count people unemployed anymore if they only can work 1 hour in a week. If you do get a part time job like this one even does not get benefits anymore and usually one has less money to spend once you take a such a job ( which they force you to accept after a time).
How do you produce so many videos and content that smash through the deep state bullcrap? Thanks a bunch Dave!
I tell people every time possible that they need to prepare. I do it in a passive way and ask them questions to try and draw it out if them because no one likes negativity. 99% are just in complete denisl though. They look at tou funnt because the TV tells them how great it all is. I had to detach myself from caring about their future for the most part. Ive settled on just trying to get people to buy $100 of bitcoin and even then I tell them Ill transfer $10 if they simy kown up an account. I am paying to get people to protect themselves and most still wont do it.